{"id":2006848,"date":"2023-08-21T11:47:02","date_gmt":"2023-08-21T15:47:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/citi-mulls-plan-to-split-institutional-clients-group-in-overhaul-source\/"},"modified":"2023-08-21T11:48:20","modified_gmt":"2023-08-21T15:48:20","slug":"citi-mulls-plan-to-split-institutional-clients-group-in-overhaul-source","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/citi-mulls-plan-to-split-institutional-clients-group-in-overhaul-source\/","title":{"rendered":"Citi considers splitting Institutional Clients Group in revamp."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fciti-mulls-plan-to-split-institutional-clients-group-in-overhaul-source%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2006848&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) -Citigroup is considering\u2062 plans to reorganize the bank\u2019s \u2063biggest division after its leader Paco Ybarra leaves next year, according to a source familiar with the situation.<\/p>\n<p>The \u2062bank is unlikely to replace Ybarra, the\u2062 head of its Institutional \u200bClients Group (ICG), the \u200dsource said. Instead, the leaders of its\u2064 three <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/citi-mulls-plan-to-split-institutional-clients-group-in-overhaul-source\/\" title=\"Citi considers splitting Institutional Clients Group in revamp.\">business segments \u2014\u200c investment banking<\/a>, global markets and transaction services \u2014 would report directly\u200b to CEO Jane Fraser.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The plans are still being considered and have not been finalized, the source said.<\/p>\n<p>The discussions were reported earlier by \u2062the\u2062 Financial Times. <\/p>\n<p>The ICG unit provides financial services to institutional investors and governments. It generated more than half of Citi\u2019s $19.4 billion revenue in the second quarter. \u200d <\/p>\n<p>Ybarra is set to leave in the first half of 2024, according to\u2062 an \u200dinternal memo seen by\u200c Reuters earlier this month. The company also said at the time it was\u2062 determining how to pass on his responsibilities while simplifying its organizational structure\u2064 in the coming months.<\/p>\n<p>Citigroup declined to \u200ccomment on the report.<\/p>\n<p>  (Reporting by\u2064 Tatiana Bautzer and Saeed Azhar in New York, Lavanya Ahire in Bengaluru; Editing by Lananh Nguyen, Nivedita Bhattacharjee, Dhanya\u2064 Ann Thoppil and\u2062 Hugh Lawson)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/citi-mulls-plan-to\/attachment\/file-photo-the-citigroup-inc-logo-is-seen-at-the-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>In Golden, Colorado, \u200con International Homeless Animal Day, POSO Dog Rescue is honoring shelter \u2063dogs who \u2062were once on the kill list.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>This week has been\u200d filled with\u200d major headlines in the U.S. One America\u2019s Rachel Acenas has more.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Trump picks Tucker over Fox, Elon blocks the\u200d block button, and Rich Men North of\u200c Richmond continues to dominate<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>One America\u2019s Jessamyn Dodd sits down with California Senate candidate Eric Early to \u2062discuss the rising \u2062crime in the\u200c state.<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>By David Shepardson (Reuters) \u2013 Montana\u2019s\u200d attorney general asked a U.S. \u200bjudge to\u200d uphold a first-of-its kind state\u200b ban \u200bon the use\u2026<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>MOGADISHU (Reuters) -Somalia has banned TikTok, messaging app Telegram, and online betting website 1XBet \u200cto limit the spread of indecent content and\u2026<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>OTTAWA\u200d (Reuters) \u2013 Canadian Prime Minister Justin Trudeau on Monday blasted \u2064Meta for banning domestic news from its \u200dplatforms as wildfires \u200drage\u2026<\/h2>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>(Reuters) \u2013 Micron Technology said on \u200dMonday federal\u200c funding\u200c and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/this-kansas-dem-wants-to-ban-congress-from-owning-stocks-she-owns-shares-of-green-energy-firms-that-want-congressional-subsidies\/\" title=\"This Kansas Dem Wants To Ban Congress From Owning Stocks. She Owns Shares of Green Energy Firms That Want Congressional Subsidies.\">investment tax credits<\/a> would be necessary to develop \u2062its memory chip manufacturing\u2026<\/h2>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Citigroup may restructure its largest division following the departure of Paco Ybarra next year. The bank is not expected to appoint a replacement for Ybarra, who currently heads the Institutional Clients Group (ICG). Instead, the leaders of the three business segments within the division will take charge.<\/p>\n","protected":false},"author":66,"featured_media":2006849,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2006848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2006848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2006848"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2006848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2006849"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2006848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2006848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2006848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}